StorageVault Canada Inc. (CVE:SVI) Receives C$5.72 Average Price Target from Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$5.72.

A number of brokerages recently commented on SVI. National Bankshares raised their price target on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Scotiabank dropped their target price on shares of StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. CIBC set a C$5.00 price target on shares of StorageVault Canada and gave the company a “negative” rating in a research report on Tuesday, December 17th. Finally, Raymond James lowered their price objective on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a report on Thursday, October 24th.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Monday. The stock has a market cap of C$2.43 billion and a P/E ratio of -71.33. StorageVault Canada has a fifty-two week low of C$3.68 and a fifty-two week high of C$7.39. The stock has a 50 day simple moving average of C$6.42 and a two-hundred day simple moving average of C$6.42. The company has a debt-to-equity ratio of 687.87, a quick ratio of 2.53 and a current ratio of 3.04.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. purchased 25,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of C$3.92 per share, with a total value of C$97,930.00. Insiders have acquired 51,100 shares of company stock valued at $204,978 in the last three months.

StorageVault Canada Company Profile

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages 45 stores owned by third parties; and stores, shreds, and manages documents and records for customers.